American Dollars to 1 CAD
The loonie soared above the U.S. dollar on Friday and never looked back, finishing the day ahead of the greenback for the first time in 31 years. The dollar closed at US$1.005. And many economists now believe the loonie will be nestled above parity well into next year, at least. [National Post]
As of April 12, Commerce Bank will be requiring all accounts to maintain a $100 minimum balance* or be charged a (steep) monthly service fee of $15. Also, in the emptiest of grand gestures, Commerce has “waived their ATM service fees” if you use your Commerce Bank card at another bank’s ATM. In other words, they won’t charge you, if you use your ATM at another bank, but of course they can’t prevent “other banks from charging you to use their ATMs” (which is where the $1.50 comes from in the first place). However, and this is something I guess, they will pay you back the surcharge if you keep a minimum daily balance of $2,500 in your account. What’s next? Charges for the Penny Arcade? Nooooooooooooooooo!
* Accounts under a year old will be charged the fee on their one year anniversary.
Zecco.com, an online financial portal, today announced it will begin offering free online stock trading next week.
I’ll bite, free is free. Great name too.
Emigrant Direct claims the newandexciting website will be ready this Monday. Get ready for some awesomeness!
Also, I just got a letter from HSBC (who has a decent website already) offering me a $25 MasterCard GC if I pay 3 bills online by August 15, 2006. Perhaps I will.
HSBC Online Savings accounts now offer 5.05% APY, Emigrant Direct now offers 5.0% (same crappy website), and ING is up, but still lags behind at a paltry 4.35%.
Emigrant Direct and HSBC are now both boasting a lofty 4.8% APY. Emigrant’s website is still as crappy as ever, but they recently wrote to tell me that at some point in June it will be less crappy. Citibank e-savings is a not too shabby 4.75%, and ING still lags behind at a measley 4.25%.
Like I predicted yesterday, HSBC is now at 4.65%.
Citibank AAdvantage MasterCard is offering 25,000 miles for sign up plus no annual fee for the first year. In theory, you have to sign up today to get this deal, but they are usually a bit flexible on this, make sure you print your terms and conditions at the time of application.
Link To Offer
Citibank takes the lead (more or less) in the online savings account market with a new APY of 4.75%. I’m sure it won’t be long before the others follow.
Citibank eSavings Account